Fixed-coupon Kenyan Treasury bonds reopened by the Central Bank of Kenya: coupon, tenor, maturity, payment frequency, minimum investment and tax treatment — with pricing education (clean vs dirty price, coupon ≠ yield).
| Bond | Coupon | Tenor / Maturity | Payments | Min Investment | Tax | Source / Updated |
|---|---|---|---|---|---|---|
| FXD1/2022/025 | 14.19% | 25-year (reopened) · 21.4y left 2047-09 | Semi-annual | KSh 100,000 | 10 | Central Bank of Kenya auction (Jul 22, 2026) 2026-07-16 |
| FXD1/2022/010 | 13.49% | 10-year (reopened) · 5.8y left 2032 | Semi-annual | KSh 100,000 | 10 | Central Bank of Kenya auction (Jul 8, 2026) 2026-07-09 |
| FXD1/2021/020 | 13.44% | 20-year (reopened) · 15.2y left 2041 | Semi-annual | KSh 100,000 | 10 | Central Bank of Kenya auction (Jul 8, 2026) 2026-07-09 |
| FXD1/2019/020 | 12.87% | 20-year (reopened) · 12.8y left 2039-03 | Semi-annual | KSh 100,000 | 10 | Central Bank of Kenya auction (Jul 22, 2026) 2026-07-16 |
| FXD1/2026/030 | 12.5% | 30-year (new) · 29.9y left 2056 | Semi-annual | KSh 100,000 | 10 | Central Bank of Kenya auction (Jul 8, 2026) 2026-07-09 |
Source: Central Bank of Kenya auction (Jul 22, 2026) · updated 2026-07-16.
Clean price — the bond price excluding accrued interest. Dirty price — clean price + accrued interest: what you actually pay when buying between coupon dates. Kenyan T-bills use Actual/365 discount pricing; bond coupons are typically Actual/Actual at issuance.
Model annual coupon income for any investment amount — live terminal → More → Kenya Financial Markets → Calculator → Treasury Bond.
FXD1/2022/025 14.19% · FXD1/2022/010 13.49% · FXD1/2021/020 13.44% — full list below, with source and update date.
The coupon is the fixed rate set at issue; current yield = coupon ÷ market price. When bond prices fall, current yield rises — and vice versa.
Clean price is the bond price excluding accrued interest. Dirty price = clean price + accrued interest — that is what you actually pay between coupon dates.
Kenyan Treasury bonds carry 10.
Kenyan government bonds carry sovereign credit risk, not "risk-free" status. The government has a strong domestic repayment record, but bond prices also fall when market yields rise — holding to maturity vs selling early matters.